Heterodox
By Thomas Palley (Guest blogger)The conventional wisdom is there have been two globalizations in the modern era. The first began around 1870 and ended in 1914. The second began in 1945 and is still underway. This paper challenges that view and argues there have been three globalizations, not two. The first half of the paper provides empirical evidence for the three globalizations hypothesis. The second half discusses its analytical implications. The Victorian first globalization and...
Read More »Three Globalizations, Not Two: Rethinking the History and Economics of Trade and Globalization
